Looking to diversify beyond FNGLX? The mutual funds below have the lowest correlation with FNGLX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FNGLX.
Best Diversifiers for FNGLX
0 mutual funds have low correlation with FNGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 92 | Semiconductors, Technology Equities | FNGLX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 84 | Target Retirement Date | FNGLX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.77 | 70 | Target Retirement Date | FNGLX vs FRQIX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.78 | 67 | Target Retirement Date | FNGLX vs FRQAX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.77 | 0.74 | 70 | Target Retirement Date | FNGLX vs FRIMX |
See all 70 diversifiers for FNGLX
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